NEW YORK, Apr. 17 (BNA) Stocks on Wall Street veered Monday at the start of the first full week of earnings reporting season, the Associated Press reports.
The S&P 500 was almost unchanged in its first trading after posting its fourth week of gains in the last five.
The Dow Jones Industrial Average was up 17 points, or 0.1%, at 33903, at 11:10 a.m. ET, while the Nasdaq Composite was down 0.1%.
Many financial firms have reported a mixed bag of earnings reports for the first three months of the year.
They followed a batch of better-than-expected reports from JPMorgan Chase and other large US banks that marked the unofficial start to reporting season late last week.
There was a great deal of focus on the strength of the financial industry broadly after the second and third largest US bank failures in history last month rocked markets around the world.
In the bond market, the 10-year Treasury yield rose to 3.58% from 3.52% late Friday. Helps determine rates for mortgages and other important loans.
The two-year yield, which moves further based on Fed expectations, rose to 4.19% from 4.10%.
In overseas markets, shares jumped 1.4% in Shanghai. The Chinese central bank kept the one-year medium-term lending facility rate unchanged at 2.75%, indicating that the economic growth data to be released on Tuesday will not be too worrying.
Shares in other Asian markets also rose, while European indices were mixed.
insignificant